The head of China’s largest mining pool recommends buying Bitcoin before it's too late

Chinese billionaire and co-founder of one of the largest mining pools Poolin Zhu Fa recommends investors to invest in Bitcoin now, because already during the next rally, the rate of the first cryptocurrency will soar above $ 70,000.

Such a statement billionaire, whose mining pool is the third largest computing power after BTC.com and Antpool, made in the group chat WeChat.

“Bitcoin prices will be in the range of 500,000 yuan – 5,000,000 yuan ($ 74,000 – $ 740,000) in the next bull rally,” he wrote.

Earlier, the over-the-counter trader and billionaire Jao Dong said that now is the best time to buy Bitcoin. According to the specialist, in two years the price of the first cryptocurrency will reach $ 50,000.

Both Zhao and Zhu are not alone in their bullish forecasts.

Earlier this week, popular crypto trader and analyst Josh Rager tweeted that this could be the last time “ordinary people can afford to buy a whole BTC”, predicting that after 2021, “Bitcoin can jump to buy only its shares (the so-called satoshi). "

Another analyst, Mark Jeffrey, author of the book Bitcoin, Explains Simply, said that when the crypto-winter ends, bitcoin can cost up to $ 250,000.

Cryptocurrency enthusiast since 2015, a lover of blockchain technology and everything around her. He joined the Crypto Economy team in 2018 as a content editor specializing in SEO. He is also responsible for the Social Networks of the platform.

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